PART II: Problem Solving
Answer the following questions in the space provided below each question. Be absolutely as neat/brief/elegant as possible but show all work (how you got the answer). I value correctness much more than “blah, blah, blah.” That said, I can only award partial credit to wrong answers if justifications are provided.
22.Store B orders on a weekly basis. Its weekly demand is 50 units with a standard deviation of five units. The holding cost is $10 per unit per week and a 0.99 in-stock probability is desired.